Banking operations affected due to trade union strike

Gangtok, 08 Jan:

Banks remained shut in the State today on the first day of the two-day All India Bank Strike called by the All India Bank Employees Association [AIBEA] and Bank Employees Federation of India [BEFI].

The two unions called the strike in support of the National Trade Union Convention of Central Trade Unions and various Independent sector wise Trade Union Federation call observe a General Strike on 08 and 09 Jan to oppose anti-people economic policies and anti-workers labour policies of the Central Government, Banking reforms measures, privatization and mergers, non recovery of bad loans and outsourcing permanent jobs in Banks.

The all-India bank strike has also demanded the strengthening of public sector banks and adequate recruitments in Banks.

On the first day of the strike, many customers of different banks were found returning from the closed gates of banks and general people have also been facing problem due to the shutting down of the ATMs.

Interestingly, across the country, operations at State Bank of India (SBI) and private sector banks remained unaffected, as the seven other unions in the banking sector are not part of the strike.

That said, since employees associated with these two banking sector unions were on strike, counter activities such as cash deposit and withdrawal, cheque clearances were impacted at many branches. Officers at many branches were seen handling some of the activities, national media reports suggest.

On December 26, 2018, nine bank unions observed a one-day strike to protest the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda.

Prior to this, the All India Bank Officers' Confederation (AIBOC) went on strike on December 21.

AIBEA General Secretary CH Venkatachalam said the unions are against the merger of public sector banks (PSBs) as employees will lose their jobs and employment generation will be halted.

The unions are also against privatisation of PSBs as the government is doing in the case of IDBI Bank.